New York Markets After Hours

S&P hikes Dell's debt rating to 'A' from 'A-'

AugustCole

SAN FRANCISCO (MarketWatch) -- Standard & Poor's on Friday raised Dell Inc.'s
dell
debt rating to "A" from "A-" with a stable outlook. About $505 million of the computer company's debt is affected by the move, S&P said. "Ratings on the company reflect Dell's strong competitive position (driven by its low-cost, direct-sales business model), consistent operational execution, and conservative financial profile," wrote S&P analysts.

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